About the Healthcare Revenue Cycle Management Market in US

Healthcare service providers had deployed automated systems to address the RCM processes and to fill the payment gap, resulting from the complex processes of medical billing and collections. IT applications such as hospital information system and EHR have outdated technology platforms that lack the advanced functionalities needed to address RCM issues. The inefficient manner of medical billing and collections ... Read more

Healthcare Revenue Cycle Management (RCM) is a comprehensive process that healthcare providers use to manage the financial aspects of their operations. It involves the management of patient registration, insurance verification, coding and billing, claims processing, and payment collection. The primary goal of RCM is to ensure that healthcare organizations receive accurate and timely reimbursement for the services they provide, thereby maintaining financial stability and sustainability. ... Read more